Stripe, Advent offer $53B to acquire PayPal: Report
CoinTelegraph·
60-second summary
Stripe and Advent are offering $53 billion to acquire PayPal, representing a 28% premium over its Tuesday closing price. This massive bid highlights the growing competition in the fintech space, with Stripe seeking to expand its payment processing capabilities. The acquisition would significantly reshape the industry, potentially impacting other payment giants like Square and Visa.
Stripe and Advent reportedly offered to buy PayPal for $53 billion, at a 28% premium compared to the company’s Tuesday closing price.